PEPE Long-Term Holders May Trigger 35% Price Drop Amid Profit-Taking Activity

Meme coin PEPE faces pressure as long-term holders (LTHs) are booking profits, causing an 18% decline in the past four days. On-chain data suggests further selling could lead to a 35% price drop, down to $0.0000058.

Popular meme coin Pepe (PEPE) is under significant pressure as profit-taking activity among its long-term holders (LTHs) grows. PEPE is currently trading at $0.0000090, marking an 18% decline over the past four days. Two critical on-chain metrics indicate that LTHs are selling their previously dormant tokens, which could result in an additional double-digit price drop.

Pepe Long-Term Holders Taking Profits

The first metric signaling profit-taking is the Mean Coin Age of PEPE, which has declined by 1% since the start of October, now standing at 300. This metric measures the average age of tokens held by addresses on the blockchain. A decline means older coins are being sold or transferred, hinting that LTHs are liquidating their positions, possibly due to market sentiment or the desire to lock in profits.

Additionally, PEPE’s Mean Dollar Invested Age (MDIA), which measures the average age of token holdings based on their dollar value, has dropped by 4% since October 1, currently at 153. This declining MDIA signals that long-term investors are reducing their exposure, further indicating a bearish shift.

The increase in selling activity among LTHs—known for holding through market turbulence—is a negative signal, as it may encourage short-term holders (STHs) to sell as well. Since STHs control a significant portion of PEPE’s circulating supply, their selling could intensify downward pressure.

PEPE Price Prediction: More Downside Ahead?

If the selling pressure from LTHs continues, PEPE could drop another 35%, potentially reaching $0.0000058, a price level last seen on August 5, according to Fibonacci Retracement levels. Conversely, if market sentiment shifts and LTHs hold onto their tokens, PEPE may reverse its trend and attempt to break resistance at $0.000012.

For now, the market awaits the next moves from PEPE’s key investors, with the token at a critical juncture.

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